February, 2024

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Brita snaps up smart water bottle startup, Larq

TechCrunch: M&A

Smart water bottle-maker Larq this week announced that it has been acquired by filtration giant, Brita. More specifically, Brita GmbH, the German company founded in 1966, which spun off and sold its North/South American wing to Clorox in 1988. Brita GmbH maintains the brand in the rest of the world, but it currently is barred […] © 2024 TechCrunch.

IT 345
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FTC Sues to Stop $24.6 Billion Kroger-Albertsons Deal

JD Supra: Mergers

On February 26, 2024, the Federal Trade Commission (“FTC”) issued an administrative complaint and authorized a lawsuit in federal court to block Kroger Company’s proposed $24.6 billion acquisition of the Albertsons Companies, Inc. The acquisition would be the largest supermarket merger in United States history.

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Best part of a trillion dollars pumped into settlement penalties and resolution measures over past decade, finds research

The TRADE

Over the past ten years the industry has poured $914.7 billion in the form of regulatory penalties and resolution measures, new research has found. A report by Firebrand Research worked with a range of key market participants, including buy- and sell-side firms and market infrastructures to collate the first-of-its-kind benchmark data on the true cost of settlement inefficiency.

Trading 145
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Why is the $180bn games industry shedding thousands of staff?

The Guardian: Mergers & Acquisitions

Despite healthy sales, publishers such as Epic Games and Activision Blizzard are making hundreds of employees redundant – which may radically reshape the industry It is widely agreed that 2023 was a stellar year for video games. The Legend of Zelda: Tears of the Kingdom , Baldur’s Gate 3 , Alan Wake 2 , Marvel’s Spider-Man 2 … barely a week passed without some blockbuster hit or independent gem.

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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Investing in Tomorrow: Lifetime Value of Financial Education in High School

Tyton Partners

Investing in Tomorrow: Lifetime Value of Financial Education in High School Tyton Partners’ 2024 Investing in Tomorrow research publication focuses on how schools, K-12 providers, and state and local agencies can positively influence the lasting impact of high school financial education on students’ future financial well-being. In March 2023, only 24% of United States high school students were guaranteed that they would take a one semester course in personal finance.

Education 140

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Notion acquires privacy-focused productivity platform Skiff

TechCrunch: M&A

Notion launched its new calendar based on Cron last month, but its productivity suit can soon have more privacy-focused offerings. The company announced today that it has acquired Skiff, a platform that offers end-to-end encrypted file storage, docs, calendar events and email. Skiff was started in 2020 by Andrew Milich and Jason Ginsberg. The company […] © 2024 TechCrunch.

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SEC’s New Rules Give SPACs, Target Companies Much to Consider

JD Supra: Mergers

On January 24, 2024, the U.S. Securities and Exchange Commission (the “SEC”) adopted new final rules relating to special purpose acquisition companies (“SPACs”). The new rules affect both initial public offerings (“IPOs”) for SPACs and so-called “de-SPAC” transactions involving target companies who enter into a business combination with SPACs. In summary, the new rules appear intended to harmonize the requirements (and potential liability for SPAC acquisition targets) of de-SPAC transactions.

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The stock market debate is trapped in the '90s with both bulls and bears drawing comparisons

CNBC: Investing

The market skeptics are busy flagging what they see as parallels between today and 1999, the year the '90s bull market went parabolic and sentiment came unhinged.

Stock 144
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Digital assets and traditional finance: Can two parallel lanes converge?

The TRADE

In the ever-evolving landscape of financial markets, the emergence of digital assets has resulted in a paradigm shift as conventional notions have been challenged and new players have emerged along with a reshaping of the way in which financial systems are perceived and interacted with. As the introduction of digital assets become increasingly common, their influence on traditional finance is becoming more notable, blurring the line between two seemingly separate, and arguably parallel, financia

Finance 130
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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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F.T.C. Sues to Block Kroger-Albertsons Grocery Store Deal

The New York Times: Mergers, Acquisitions and Dive

The regulator is trying to stop the largest supermarket merger in history, arguing that the deal would eliminate competition and raise prices for consumers.

Mergers 135
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A Russian Bank Account May Offer Clues to a North Korean Arms Deal

The New York Times: Banking

Moscow may be trying to help Pyongyang with access to the international financial system in exchange for missiles and ammunition, U.S.-allied intelligence officials suggest.

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KKR to acquire VMware’s end user computing biz from Broadcom for $4B

TechCrunch: M&A

We’ve already started to see big M&A, as in multi-billion deals, finally pick up this year after a slow period last year. Today, KKR added to that growing total when it announced it was going to acquire Broadcom’s end user computing business for $4 billion. These pieces include VMware Workspace One and VMware Horizon, two […] © 2024 TechCrunch.

M&A 276
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What is Venture Capital and Why Does It Matter?

JD Supra: Mergers

The moniker “venture capital” is believed to have originated from the financier John Hay Whitney. Having served in World War 2, Whitney returned to the United States with a new mission: to spread American ideals of free enterprise by supporting fledgling entrepreneurs. He distinguished his investment method from traditional private equity or investment banking by making riskier investments in new, unproven businesses with the aim of larger returns should these businesses succeed.

Capital 302
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How Embedded Analytics Gets You to Market Faster with a SAAS Offering

Start-ups & SMBs launching products quickly must bundle dashboards, reports, & self-service analytics into apps. Customers expect rapid value from your product (time-to-value), data security, and access to advanced capabilities. Traditional Business Intelligence (BI) tools can provide valuable data analysis capabilities, but they have a barrier to entry that can stop small and midsize businesses from capitalizing on them.

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Hedge fund billionaire Bill Ackman to launch a NYSE-listed fund for regular investors

CNBC: Investing

Pershing Square's Ackman will offer a new investment vehicle listed on the New York Stock Exchange, aiming to leverage his following among retail investors.

Investors 145
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CME Group to launch US corporate bond index futures this summer

The TRADE

CME Group is set to expand its interest rate complex with the launch of US corporate bond index futures in summer 2024, subject to regulatory review. The new futures contracts will be based on the Bloomberg US corporate index and the Bloomberg US high yield very liquid index. The two indexes measure the performance of investment grade corporate bonds and a liquid, diversified component of the high yield corporate bond market, respectively. “As corporate debt issuance continues to increase

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When Your Wish Can Go Too Far

Successful Acquisitions

When Your Wish Can Go Too Far How problematic acquisitions and lack of a clear strategy have left the Mouse feeling trapped By Abigail Iaconis, Capstone Senior Analyst The Walt Disney Corporation has one of the most iconic brand images on Earth. Founded as the humbly named Disney Brothers Cartoon Studio in 1923, the company has shaped mass market entertainment and popular culture for a century.

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‘Most Wanted’ Man Pleads Guilty in Cyberattack That Upended Vermont Hospital

The New York Times: Banking

Vyacheslav Igorevich Penchukov, 37, of Ukraine, pleaded guilty in federal court for his role in two separate malware schemes that caused tens of millions of dollars in losses.

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Embedding BI: Architectural Considerations and Technical Requirements

While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

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Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say

TechCrunch: M&A

FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led digital bank providing payroll and financial services to customers in Nigeria and Kenya, in a $20 million all-stock deal, sources tell TechCrunch. The move signals FairMoney’s interest in growing its customer base by expanding into more […] © 2024 TechCrunch.

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Wells Fargo's new vice chair Braunstein brings investment banking heft

American Banker - Investment Banking

CEO Charlie Scharf has added another former JPMorgan Chase colleague to his leadership team as his shake-up of Wells Fargo continues. The hire of veteran investment banker Doug Braunstein comes as Scharf makes progress on his efforts to grow Wells' investment bank.

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Warren Buffett calls the late Charlie Munger 'part older brother, part loving father' in heartfelt tribute

CNBC: Investing

In his must-read annual letter Saturday, the 93-year-old "Oracle of Omaha" detailed Munger's instrumental role in helping him expand his conglomerate.

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LSEG sees double-digit growth across post-trade as exchange continues to reap benefits of acquisition push

The TRADE

The London Stock Exchange (LSEG) saw overall growth across its key businesses in 2023, with considerable improvement across data and analytics, capital markets, and in particular, post-trade. David Schwimmer The data and analytics offering saw a 7.3% year-on-year increase, while capital markets saw a 6.1% rise year-on-year as compared to 2022. However, post-trade saw a double digit increase of 17.4%, driven in large part by the acquisition-minded strategy of the exchange over the last few years.

Trading 110
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How to Leverage AI for Actionable Insights in BI, Data, and Analytics

In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your application’s analytics capabilities? Imagine having an AI tool that answers your user’s questions with a deep understanding of the context in their business and applications, nuances of their industry, and unique challenges they face.

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Choose to Learn 2024: K-12 Parents Poised to Explore New Educational Options

Tyton Partners

Choose to Learn 2024: K-12 Parents Poised to Explore New Educational Options The Choose to Learn K-12 initiative, launched in 2022, investigates the evolving landscape of parents’ K-12 education options, shedding light on the motivations, barriers, and aspirations of parents actively exploring alternative educational pathways for their children. Building on insights gained from Choose to Learn 2022 , this latest work assesses the breadth of preferences from 2,000+ parents for alternative ed

Education 111
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U.S. Leading Soft Landing for Global Economy

The New York Times: Banking

Economies all over the world are lowering inflation while avoiding serious recession — but growth in the United States stands out.

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Totango and Catalyst are merging to build a customer success powerhouse

TechCrunch: M&A

One of the interesting aspects of this deal is that no money is changing hands. © 2024 TechCrunch. All rights reserved. For personal use only.

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AI is changing the cybersecurity game. And new strategies are needed to win.

Global Banking & Finance

AI is changing the cybersecurity game. And new strategies are needed to win. By: Lloyd Webb, VP sales engineering, EMEA, SentinelOne Generative AI has opened the door to a new and sophisticated set of threats to the enterprise. Adversaries are using the technology to execute machine speed attacks with less dwell time.

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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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Reddit will let users buy its IPO, but warns that they could make the stock riskier

CNBC: Investing

The social media company's S-1 filing revealed that some Reddit moderators and other users will be able to participate in the initial public offering.

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Euronext FX appoints new head of sales

The TRADE

Stuart Parris has been appointed head of sales at Euronext FX, overseeing a global sales team covering the Americas, EMEA and APAC regions. Parris has been with the business since 2018 and has held different senior roles during his tenure, most recently as director, EMEA sales focused on sell-side tier 1 client engagement. Euronext FX has a global reach, with matching engines across regions, including in: London, New York, Tokyo and Singapore.

Sale 109
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Servexo Open to Grow With Ideal Capital Partner

The Deal

After being in business for more than a decade, security solutions provider Servexo Inc., which services the corporate, government, healthcare, education and utilities sectors, is prepared to entertain serious discussions with potential investors in the next three to six months. Servexo, headquartered in Gardena, Calif., has been bootstrapped since it was founded in 2012 and incorporated in 2013.

Capital 111